Majestic Wine has reported an increase in its group sales and gross margin for the ten weeks to 31 December. Sales were up by 6.3 per cent on an underlying basis with gross margin edging up by 0.4 per cent. Overall performance was boosted by strong trading at Naked Wines which achieved an increase of 15.9 per cent in its sales.
Rowan Gormley, Majestic Wine group chief executive, commented: “While trading has been challenging over the Christmas period, the trends we reported in November are the same (namely strong growth in our overseas markets and our digital propositions but headwinds for our UK retail stores). We look forward to setting out more of our future plans for the group, including the retail business with our full-year results in June.”
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